Social and Behavioral Sciences Commons^™

Asset Building As Social Investment, Michael Sherraden

The Journal of Sociology & Social Welfare

Inclusive asset building as a social policy innovation is a relative “newcomer” in policy discussions and research. The context is that since the middle of the 20th century, many countries implemented asset-building policy that is not inclusive, serves mostly the well-off, and is highly

regressive. In the United States, for example, the largest policy mechanisms are in tax benefits for home owning and saving for retirement. Altogether in the United States, such policies transfer about $500 billion dollars per year to the non-poor, most of this to the top 10%. This of course exacerbates inequalities in wealth and social development. …

Social Development, Asset Building, And Social Investment: The Historical And International Context, James Midgley

The Journal of Sociology & Social Welfare

This article provides an historical background to the special issue by tracing the evolution of social development, asset building and social investment in different parts of the world. These approaches transcend remedial and service-oriented interventions and seek to promote progressive social change. They also stress the importance of investing in people and communities, and focusing on their strengths rather than deficits. The historical evolution of these three approaches in different countries and world regions is described, and their key features are highlighted. The article compares these approaches and considers some of their implications for social welfare, pointing out that they …